Private equity-backed asset management data and intelligence provider With Intelligence Ltd. on Tuesday, Feb. 4, agreed to acquire The Deal LLC, a portfolio company of Delinian Ltd., from Epiris LLP.

The parties didn’t disclose terms of the deal, which they expect to close at the end of February.

“We are excited to announce this acquisition,” said Charlie Kerr, founder and CEO of With Intelligence. “Adding The Deal to the With Intelligence offering allows us to provide an unrivaled solution for dealmakers and further expand our reach within the U.S. M&A mid-market.”

Epiris acquired The Deal, part of London- and New York-based Delinian, formerly known as Euromoney Institutional Investor plc, in 2022 in collaboration with Astorg Asset Management Sarl. Astorg purchased Euromoney’s Fastmarkets division, with the separation closing in June 2023.

“We are extremely pleased that The Deal will be able to continue to develop and become part of the expanding platform of With Intelligence,” Delinian CEO Andrew Pinder said. “We look forward to following their continued success.”

Euromoney acquired The Deal, along with its subsidiary Management Diagnostics Ltd., doing business as BoardEx, for $87.3 million in December 2018 from TheStreet.com Inc. Delinian continues to own BoardEx, now part of the Altrata platform.

In November, Delinian sold insurance insight and analysis provider Insurance Insider to London-based investor ECI Partners LLP. Delinian divested IJGlobal, a provider of data, news and events covering global infrastructure and energy finance, to Green Street Advisors LLC in September. In the same month, it also sold IMN, a U.S. real estate events business, to Informa plc.

Kerr founded London-based With Intelligence in 1998. In 2023, New York-based Motive Capital Management LLC acquired a majority stake in the company from Intermediate Capital Group plc. ICG invested in With Intelligence in 2020.

In November, With Intelligence acquired SPS, formerly Sutton Place Strategies, from Bain & Co., which had owned the company since 2020.

The late Bruce Wasserstein founded The Deal in 1999, and it quickly grew to be a go-to source for deals and dealmaker news and data. In 2013, after a sale to TheStreet.com a year earlier, it added DealFlow Media, including the Life Settlements and PIPEs Report as well as PrivateRaise, an alternative investment database.

Founded in 2015, Motive Capital, also known as Motive Partners, invests in North American and European technology-enabled financial and business services companies. It invests equity of $25 million or more per growth or buyout deal.

Editor’s note: The original, full version of this article was published Feb. 4, 2025, on The Deal’s premium subscription website. For access, log in to TheDeal.com or use the form below to request a free trial.